SEC Is Adding Attorneys to Crypto Enforcement Unit
[Apr 11, 2023 6:53 AM] The Securities and Exchange Commission said in March that it was planning to add additional staff to the unit.
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Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
[Apr 9, 2023 11:30 PM] Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon…
Russia Now World’s Second Biggest Crypto Mining Nation – Report
[Apr 9, 2023 7:13 PM] Russia is now the world’s second-biggest crypto miner, according to a Friday report by Russian news outlet Kommersant. According to this report, data from Russia’s biggest mining company, BitRiver, shows that the Russian Federation attained a…
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports
[Apr 9, 2023 3:30 AM] Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector…
Bitcoin Creator Satoshi Nakamoto Turns 48 Today, Coinciding With the Anniversary of FDR’s US Gold Ban
[Apr 5, 2023 11:30 AM] According to the P2P Foundation forum, the mysterious creator of Bitcoin, Satoshi Nakamoto, has ostensibly turned 48 today on April 5, 2023. More than 14 years ago, Nakamoto introduced Bitcoin to the forum members, noting that the inventor…
How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility
Texas Is Bitcoin Country, With Or Without The U.S.
[Apr 2, 2023 7:00 AM] A historically-independent state, Texas’ ongoing embrace of Bitcoin makes it an innovative leader, with or without the rest of the U.S. This is an opinion editorial by James Collins, a financial professional with experience in various asset…
Crypto ATM Installations Decrease By Over 5,000 In 2023 – Here’s Why
[Apr 2, 2023 5:35 AM] The year 2023 has been quite eventful for the crypto industry, with several positives and negatives. In the latest development, Bitcoin and crypto ATM installations have dropped by more than 5,000 units in 2023 based on data from Coin ATM Radar…
South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin
[Apr 1, 2023 12:30 AM] A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna…
The US Government Sold Nearly 10,000 Silk Road Bitcoin
[Mar 31, 2023 11:50 AM] Uncle Sam made off with more than $215 million this month as it began to liquidate portions of seized bitcoin.The United States government has been selling bitcoin confiscated from the Silk Road case in 2013. According to a court filing, the…
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
[Mar 31, 2023 10:30 AM] BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By…
Three Arrows Capital's Kyle Davies Ordered to Respond to Subpoena Within 2 Weeks
[Mar 30, 2023 8:58 AM] The court also ruled that the 3AC liquidators' service of a subpoena to Davies via Twitter complied with due process.
CoinDesk Editorial: It Sure Looks Like the U.S. Is Trying to Kill Crypto
[Mar 30, 2023 8:46 AM] Sometimes they really are out to get you. The government’s regulatory attack on crypto is an abuse of power that risks sending a vital industry overseas, to no gain for consumer protections.
Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition
[Mar 30, 2023 7:30 AM] Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before…
Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
[Mar 29, 2023 5:53 AM] Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery
Binance Case Is Clear Evasion of Law, Says CFTC Chair Behnam
[Mar 28, 2023 8:46 AM] The CFTC on Monday filed suit against the crypto exchange and its CEO Changpeng Zhao.
US Crypto Firms Eye Overseas Move Amid Regulatory Uncertainty
[Mar 27, 2023 12:06 PM] Citing an ongoing regulatory crackdown, crypto companies are considering shifting to more favorable jurisdictions. Jeff Wilser reports.
Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community
[Mar 26, 2023 4:30 PM] The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed…
Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report
[Mar 25, 2023 3:30 PM] Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under…
Shares of Deutsche Bank, Other Euro Lenders Tumble
[Mar 24, 2023 3:30 PM] Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and…
California Leads the Way as U.S. Federal, State Agencies Consider Blockchain’s Applications: Bank of America
[Mar 24, 2023 4:21 AM] The tokenization of vehicle titles could enable fractionalized vehicle ownership, the report said.
U.S. Banking Crisis Could Present an Opportunity for Some Crypto Exchanges: JPMorgan
[Mar 24, 2023 3:27 AM] Stablecoin trading volumes have increased following the run of bank collapses in the U.S., the report said.
'Surgical removal' of crypto will only weaken USD dominance, commentators say
[Mar 23, 2023 9:43 PM] A day after Coinbase received an SEC Wells notice, industry commentators weighed in on what recent regulator actions mean for America's crypto future.
Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo
[Mar 23, 2023 10:06 AM] Political attacks on CBDCs gives a pass to existing government and commercial oversight of financial transactions, says Christopher Giancarlo, cofounder of the Digital Dollar Project.
Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too
[Mar 22, 2023 4:15 PM]
SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert
[Mar 22, 2023 12:59 PM] The holding company needs access to the FDIC-locked funds in order to pay back its creditors and support its two external operations, says Kleinberg, Kaplan partner, Dov Kleiner.
Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid
[Mar 22, 2023 7:00 AM] Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison…
Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report
[Mar 22, 2023 12:30 AM] Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server…
U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits
[Mar 21, 2023 3:45 PM] Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system.
IRS Seeks to Tax NFTs Like Other Collectibles
[Mar 21, 2023 8:56 AM] Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized